Extinction of the human race: Doom-mongering or reality?

R.F.T. Aalbers

Research output: Working paperDiscussion paperOther research output

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Abstract

The question whether or not a given consumption policy is sustainable is closely linked to the way in which nature assimilates pollution and how pollution affects life on earth. In this paper, an assimilation function is specified that is founded on the natural sciences literature. Hereby, the possibility of a break down of the life support system of the earth is explicitly taken into account. It is concluded that an optimal consumption policy need not be sustainable in a physical sense, i.e. the break down of the life support system cannot always be attributed to a market failure. In the model I consider a kind of externality that cannot be linked to any specific variable in either the utility or production function. It means that in some cases a traditional pigouvian tax alone cannot correct for the externality. This has to be done by making use of an extra tax instrument, the overendowment tax.
Original languageEnglish
PublisherUnknown Publisher
Number of pages18
Volume1994-102
Publication statusPublished - 1994

Publication series

NameCentER Discussion Paper
Volume1994-102

Fingerprint

extinction
pollution
market
tax
consumption
externality
policy
natural science
need
assimilation

Keywords

  • Pollution
  • Sustainable Development
  • economic development

Cite this

Aalbers, R. F. T. (1994). Extinction of the human race: Doom-mongering or reality? (CentER Discussion Paper; Vol. 1994-102). Unknown Publisher.
Aalbers, R.F.T. / Extinction of the human race : Doom-mongering or reality?. Unknown Publisher, 1994. (CentER Discussion Paper).
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Aalbers, RFT 1994 'Extinction of the human race: Doom-mongering or reality?' CentER Discussion Paper, vol. 1994-102, Unknown Publisher.

Extinction of the human race : Doom-mongering or reality? / Aalbers, R.F.T.

Unknown Publisher, 1994. (CentER Discussion Paper; Vol. 1994-102).

Research output: Working paperDiscussion paperOther research output

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Aalbers RFT. Extinction of the human race: Doom-mongering or reality? Unknown Publisher. 1994. (CentER Discussion Paper).